Wasserman Agency Explores Sale Amid Epstein Scandal, LA28 Pressure

Moelis & Co. hired to advise on potential transaction as founder Casey Wasserman faces scrutiny

Published on Feb. 22, 2026

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The sports and entertainment agency Wasserman is moving forward with a potential sale, retaining the investment bank Moelis & Co. to navigate the process. This development comes amid scrutiny surrounding founder Casey Wasserman's connections to individuals associated with Jeffrey Epstein and Ghislaine Maxwell, as well as increasing pressure on his role leading the 2028 Los Angeles Olympics.

Why it matters

The potential sale of Wasserman reflects the impact of recent revelations regarding Wasserman's ties to the Epstein scandal, as well as the growing concerns over his leadership of the LA28 Olympics. The outcome of these processes could have significant implications for the future of the agency and the Los Angeles Games.

The details

Wasserman, established in 2022, has rapidly grown into a major player in sports marketing and talent representation. The decision to explore a sale comes as Wasserman faces scrutiny over emails between Casey Wasserman and Ghislaine Maxwell that surfaced as part of the Epstein investigation. Providence Equity currently holds a 60% stake in the agency, while Casey Wasserman owns the remaining 40%. Moelis & Co. has been hired to advise on the potential transaction, bringing significant experience in agency deals.

  • Wasserman was established in 2022.
  • The emails between Casey Wasserman and Ghislaine Maxwell surfaced as part of the Epstein investigation.

The players

Wasserman

A sports and entertainment agency that has rapidly grown into a major player in the industry.

Casey Wasserman

The founder of Wasserman, who owns a 40% stake in the agency and is facing scrutiny over his connections to individuals associated with Jeffrey Epstein and Ghislaine Maxwell.

Providence Equity

A private equity firm that currently holds a 60% stake in Wasserman.

Moelis & Co.

An investment bank that has been hired to advise Wasserman on the potential sale, bringing significant experience in agency transactions.

Karen Bass

The Mayor of Los Angeles, who has publicly stated that Casey Wasserman should step down from his role as the head of the 2028 Los Angeles Olympics.

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What they’re saying

“My opinion is that he should step down.”

— Karen Bass, Mayor of Los Angeles (CNN)

“I understand there are many conversations happening at this moment but I will not make any further comment.”

— Mark Adams, IOC Spokesperson (CNN)

What’s next

The LA28 board has continued to express its support for Casey Wasserman remaining in his role as the head of the 2028 Los Angeles Olympics, despite the Mayor's call for his resignation. The International Olympic Committee has largely avoided direct comment on the matter, stating that the situation remains a matter for the LA28 board.

The takeaway

The potential sale of Wasserman and the scrutiny surrounding Casey Wasserman's leadership of the 2028 Los Angeles Olympics present a complex challenge for the agency and the organizing committee. The outcome of these processes will likely have significant implications for the future of the agency and the Los Angeles Games.